Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
Category: Israel
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Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring
The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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What to Know About the U.S. Lasers Being Used to Counter Iranian Attacks
High-energy lasers can burn drones in the sky like a blowtorch. But they can be stymied by weather, and making them at scale will be a challenge.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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Airline Stocks Tumble as Iran War Expands Across Middle East
Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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Jittery Markets Seek an Iran ‘Off-Ramp’
Oil prices spiked and stocks fell as tensions between Washington and Tehran unnerved investors.